Iran To Shut Hormuz Completely, World's Oil Supply In Danger, Massive Price Shock Coming Soon?

Key points· Video

• Iran has reportedly suspended all indirect communication with the United States and threatened a complete closure of the Strait of Hormuz following escalating Israeli operations against Hezbollah in Lebanon.
• According to reports linked to Iran’s Tasnim News Agency, Tehran says it will not resume diplomatic exchanges unless its demands regarding Lebanon and Gaza are met.
• The move has rattled global energy markets, with oil prices jumping as fears grow over the future of one of the world’s most critical shipping and energy corridors.
• The development marks a major setback for efforts to expand the fragile US-Iran ceasefire into a broader political agreement.
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